The Daughters of Liberty was a group of political dissidents that formed in the North American British colonies during the early days of the American Revolution.
The following are some facts about the Daughters of Liberty:
Much like the Sons of Liberty, the Daughters of Liberty was created in response to unfair British taxation in the colonies during the American Revolution, particularly the Townshend Acts of 1767 which were a series of measures that imposed customs duties on imported British goods such as glass, paints, lead, paper and tea.
The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
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